MFA Financial, Inc. (NYSE:MFA) CEO Craig L. Knutson bought 8,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of $7.30 per share, for a total transaction of $58,400.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
MFA Financial, Inc. (NYSE:MFA) traded up $0.08 during midday trading on Friday, hitting $7.35. The stock had a trading volume of 2,071,087 shares, compared to its average volume of 3,107,731. MFA Financial, Inc. has a 1 year low of $6.72 and a 1 year high of $8.90. The company has a market capitalization of $2,908.49, a P/E ratio of 9.33 and a beta of 0.46.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. MFA Financial had a return on equity of 10.04% and a net margin of 61.24%. The firm had revenue of $52.41 million for the quarter, compared to the consensus estimate of $76.10 million. During the same quarter last year, the company earned $0.18 earnings per share. equities analysts predict that MFA Financial, Inc. will post 0.8 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of MFA. State Street Corp raised its stake in shares of MFA Financial by 0.5% in the second quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock worth $48,305,000 after buying an additional 26,708 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of MFA Financial by 55.0% in the second quarter. Cubist Systematic Strategies LLC now owns 41,546 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 14,746 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of MFA Financial by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 190,112 shares of the real estate investment trust’s stock worth $1,595,000 after buying an additional 9,580 shares during the period. APG Asset Management N.V. bought a new position in shares of MFA Financial in the third quarter worth about $925,000. Finally, First Quadrant L P CA raised its stake in shares of MFA Financial by 28.3% in the third quarter. First Quadrant L P CA now owns 2,684,624 shares of the real estate investment trust’s stock worth $23,517,000 after buying an additional 591,765 shares during the period. 79.42% of the stock is currently owned by hedge funds and other institutional investors.
MFA has been the topic of a number of recent research reports. B. Riley reissued a “neutral” rating on shares of MFA Financial in a report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a report on Tuesday, November 7th. Zacks Investment Research downgraded MFA Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. Finally, BidaskClub downgraded MFA Financial from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.81.
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MFA Financial Company Profile
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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